CVD Equipment Corporation, a chemical vapour deposition and gas control equipment manufacturing business, disclosed a record-breaking run of financial figures in its 2015 fiscal year results.
For the full year, revenue rose by 39.2% to the record-breaking figure of $39m, compared to $28m in its 2014 financial results. Additionally, operating income was $4.6m compared to an operating loss of $3.8m in the previous fiscal year.
Operating income was also up in 2015, settling at $6.2m compared to $3m in 2014. The net income for CVD also hit a new high at $3.2m compared to a net loss of $2.5m in the previous year.
However, new orders for 2015 dropped to $24m compared to $45m in 2014. CVD attributes this bookings level, along with the execution of its beginning backlog, to resulting in a backlog of $6.1m at 31st December 2015, down from $21.1m at the same time in 2014.
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